Photronics announces Dr. Frank Lee to its Board of Directors as CEO and appoints Adam Lewis as Independent Director

– USA, CT –  Photronics, Inc. (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, today announced the appointment of its President Dr. Frank Lee to its Board of Directors as CEO. Constantine Macricostas, ho in addition to his role as Chairman of the Board had also been serving as interim CEO. He will continue to serve as Chairman.

“The Board believes Frank is the right person to lead Photronics forward as we continue to invest in growth globally, particularly in Asia, building on our industry-leading position across the photomask market,” said Board Chairman, Constantine Macricostas. “With his long and successful track record, Frank has gained the confidence of the Board and the entire organization in his ability to lead us through our next phase of growth.”

The company also announced the appointment of Adam Lewis to its Board as an independent director.

“Adam is a welcome addition to our Board, bringing financial expertise and experience in strategic planning for growth-focused businesses,” added ConstantineMacricostas. “Photronics is focused on executing our strategic growth plans for continued global expansion in the photomask industry, and we believe Adam will bring an important voice to our Board discussions.”

About Adam Lewis

Adam Lewis has over 20 years of experience in the financial advisory to technology companies with a focus on digital infrastructure and cyber security.

“I am excited to join a company that values technology-enabling innovation,” said Adam Lewis. “I look forward to working with the Board and bringing my broad experience, including governance advisory, to help the company.”

About Dr. Frank Lee

Dr. Lee’s career includes roles at Fairchild Semiconductor, Intel, and Soliconix. He was VP of Operations of Texas Instruments-Acer (a TI/Acer joint venture) in Taiwan and held leadership positions with TSMC-Acer in Taiwan, and UMC in Taiwan. Before joining Photronics in 2006, he was CEO of NSMC.

Dr. Frank Lee said, “I am honored and grateful for the trust placed in me and excited for the opportunity to advance our growth strategy. Photonics global employees are the best in the industry. Together, we can continue to bring leading technology and outstanding customer service to semiconductor and flat panel display manufacturers around the world.”

Dr. Lee holds a BS in Nuclear Engineering from Tsinghua University and an M.S. and Ph.D. in Materials Science from the University of Cincinnati.

About Adam Lewis

Mr. Lewis has over 20 years of experience in investment banking, executive financial management, and private equity. Mr. Lewis joined DH Capital in 2007 and has advised digital infrastructure companies and investors on over 100 transactions, representing over $30 billion in aggregate transaction value. Before joining DH Capital, Mr. Lewis was Vice President of Finance at InfoHighway Communications where he was involved in the structuring and execution of highly strategic transactions that culminated in the successful exit to Broadview Networks in 2007. Mr. Lewis is a graduate of the University of Vermont and currently serves on the boards of SilverSky, Verge, Stackpath, Drive Sally, Kasi Cloud, and Lokker.

About Photronics

Photronics is a leading worldwide manufacturer of integrated circuit and flat panel display photomasks. High-precision quartz plates that contain microscopic images of electronic circuits, and photomasks are a key element in the IC and FPD manufacturing process. Founded in 1969, Photronics has been a trusted photomask supplier for over 50 years. As of October 31, 2021, the company had 1,728 employees. The company operates 11 strategically located manufacturing facilities in Asia, Europe, and North America.

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Talent4Boards Team